There were 11,874 inforce policies and a total of 5,693 accounts with PLM at the end of 2021.
We wrote 633 new accounts generating over $28.8 million of new business premium in 2021.
We wrote $304.8 million in direct written premium in 2021 with an 85.8% policy count retention and 99.5% premium retention.
Our total assets surpassed $570 million in 2021.
99% of PLM employees participated in professional development in 2021. A total of 115 exams were passed with 14 employees earning designations through The Institutes, and 5 employees earning other designations/certifications.
We were not only recognized as one of the 2021 Top Workplaces in the Greater Philadelphia area by The Philadelphia Inquirer, but also honored with national recognition as one of the Top Workplaces USA.
With PLM events and shows picking up again in 2021, PLM participated in a total of 139 shows – 74 wood industry events and 65 insurance-related events. A total of 66 different PLM employees attended these shows.
Over 2,212 brokers partner with PLM throughout the continental U.S. In 2021, 63 new brokers wrote business with PLM.
A.M. Best rating
A- (Excellent) for 2021 with a Stable Outlook by A.M. Best Rating Services, Inc., the insurance credit rating source.
Pennsylvania Lumbermens Mutual Insurance Company
One Commerce Square
2005 Market Street, Suite 1200
Philadelphia, PA 19103